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Cryptopolitan 2019-07-11 22:45:48

Shell to deploy LO3’s modified Ethereum based blockchain platform in energy project

The world’s leading energy company Shell has reportedly invested in LO3, a start-up that employs a modified Ethereum based blockchain that enables its users to purchase and sell energy that has been produced locally. New York-based LO3 startup has a similar tech to that of the Bitcoin, the platform by tracking the energy flow that is added to the share of the local network of energy that ensures the consumers who bought energy from different sources such as solar panels, windmills and so on. Although the investment made by Shell has not been revealed yet, the company is sure that